The prices in real estate in Pakuranga, in the Auckland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Pakuranga has increased strongly during the last 6 months. In November, the average price per m² was $2,094. In the following month the price per m² increased considerably to $2,992. The price for the following two months in (January, February) decreased 86 % with regard to the prior two months. The price per m² has had a considerable increase of 128 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $2,368.25 to $3,036.5 during March, and April.
Based upon to the price in Pakuranga (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $252,176. During December the price went through a considerable rise reaching $350,912. In the following two months the average price has remained the same with regard to the previous two months from $301,544 to $309,512.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 147 % during the last two months.